Nope... Time Machine uses a sparse bundle format and would be named whatever your computer name is in the Sharing pane of System Preferences.
You have something else going no there. Did you maybe try to use Disk Utility to clone your drive or something?
Select the file and hit command-i to see the Get Info pane and tell me how large the file is?
I'm a bit worried just telling you to delete it without understanding how it got there. This is not something the OS would just create on its own.